Saving is a habit that consists of saving a certain part of the income that will be used in the future by someone. The habit of saving is extremely important for any person, it is a habit that may help in any situation.
There are many reasons to save, many of these reasons are related to buying goods, a car, a house, traveling abroad, etcetera. Saving means a goal or objective that will be achieved over time with a good motivation to achieve what is desired.
Even if a person's income is extremely low, there should always be a habit of saving. It is always very useful to save or set aside first the specific amount of money to be saved and then what is left to pay debts, buy material things and pay for acquired expenses.
The most important thing is to define a goal and do your best to achieve it over time, setting strict points to save every month, every week or every day; depending on the person.
Although it is true that saving makes it possible to materialize your dreams, the most important thing is that, it generates a personal healthy habit that allows you to organize your income and prioritize consumption. The good practice of saving will be the best letter of introduction when applying for a loan.
Savings represent a support to take care of any emergency and will allow you to have a better quality of life in the future. It is much better to consume responsibly in the present and save fixed amounts today, than to live spending more than you earn and always be over-indebted.
Saving will allow you to live with peace and will also give you the financial security and independence you need to meet your goals and deal with future events. The habit of saving should become a way of life that guarantees economic stability to society, maintaining a constant growth and giving a certain peace of mind in unfavorable seasons; with programmed savings it is possible to guarantee a better future for you and the next generations.
When you save, you establish a reserve for the future. With savings you can foresee your financial independence to create a seed capital or patrimony, that no matter how small it may be, will serve you in the future for any of these purposes:
- Your children's education.
- To be able to take vacations and travel.
Saving is not something that is easy for everyone since most people tend to make the mistake of saving the money that is left over at the end of the month. The ideal is to do the opposite, at the beginning of the month, just when we have been paid our salary. In this way, saving will become a habit, something systematic. Of course, we must have discipline, perseverance and willpower.
When we take a walk down the street, stores display their offers and products with which they try to seduce us to buy them. When we read the newspaper, watch television, connect to the Internet or listen to the radio, we are constantly bombarded with advertisements inviting us to consume.
Our entire society is geared towards encouraging us to consume any type of goods and services, and this drives us all to consume, which until now has been done in a non-selective and mass manner.
We live in consumer societies in which the importance given to saving is becoming less and less important, and yet it is a crucial element in order to be able to get by in adult life.
We can define savings as "that part of our income that we do not spend".
The purpose of saving is to reserve a percentage of our income for future needs and this will depend on our income and our propensity to save. We mainly save to be able to make our dreams come true without the need to ask for credit or to be able to face future problems that will require extra expenses.
It is important to emphasize this message to children, because if it is not taught from childhood, when adulthood is reached, young people will be much more malleable by the continuous seductions that our society offers to excessive spending.
No matter how small the savings may be, the simple fact of allocating a percentage of our monthly income to it generates a habit that will allow us to achieve our goals and have funds that may be very necessary to face any adversity that life may bring us.
Saving is a healthy habit which helps people establish a friendly relationship with money. It is the first step towards becoming financially responsible people.
In a society where consumption is encouraged everywhere, we can learn how to save our own money.